Small groups of no more than twenty, friends or work colleagues meet on a regular basis to pool finances and make joint investment decisions. Members discuss share performances, and make investments they may not have been able to make individually.
Popularity
Although there are recognised clubs many are private agreements between friends. Essentially all must have a legally binding agreement, as over a period of time large amounts of money are built up.
Location
Share clubs can meet any where. It is common for them to meet in a public house or restaurant, as to many members the social side is as important as whether or not the club makes large profits.
Age
Effectively the minimum age a person is able to buy shares or make financial decisions for themselves, is the minimum age to belonging to a share club. Individual clubs being made up from friends, there is often an age similarity.
Ability
The necessary ability to joining a share club is, the ability to make the agreed regular financial commitment. A knowledge of trading on the stock market, and the ability to make joint financial agreements, are also very important attributes.
Description
The first and most important step to forming or joining a share club, is to agree on how a member exits the club with their money. How investment decisions are made, And the regular financial commitment of members. Meetings tend to be as much a social event, as a bussiness one. Although essentialy a non competitive activity, there are competions run by various instituions. Clubs invest a given ammount of money and trade over a given period
Dedication
Although essentially a non competitive activity, there are competitions, in which teams invest a given amount over a set period, to find the most successful investor. These competitions often invest imaginary money, tracking what the outcome would have been. Schools often enter teams in these as no financial commitment is encountered. The purpose being to teach them the working of business and the stock market and also the implications of financial decisions both good and bad.
Potential
The potential and obvious aim of any share club member, is to built up a successful portfolio of shares.
Cost
The costs vary between individual clubs. Normal weekly commitments range between ?10 and ?50 per club member, but hopefully are a successful long term investment, rather than lost expense.
Level of Demand
The table below shows the maximum levels of demand that this activity requires. NOTE: These are not entry levels or levels of requirement and has nothing to do with ability.
Energy |
Arms
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Legs
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Sight
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Hearing
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Speech |
Learning |
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